Empty Rates Relief

Everything you need to know about empty property rates relief:

Hammond Associates work with a number of Commercial Property Professionals including Property Lawyers, Surveyors and Rating Surveyors. The company offers an ethical and extremely established empty property rates mitigation scheme, commonly known as “empty rates relief”.

We welcome your questions regarding empty rates relief. If you have any enquiry or just require advice about empty property rates relief, then please send your enquiry to info@hammondassociates.org. We will provide a speedy response.

Empty Rates Relief – Frequently Asked Questions

I have an empty office building, am I entitled to Empty Rates Relief – Hammond Associates offer a tried and tested business rate saving scheme using Charities who will occupy the commercial property.

Does the charity actually use the property ?– Yes, absolutely, we have a network of primarily Arts based charities requiring space up and down the country.

Do the Charities obtain Empty Property Rate Relief? – When they are entitled to empty rate relief we make the application, it is discretionary.

Do they always get Charitable Relief/ Mandatory Rates Relief? – We have a 99.9% success rate – this is a tried and tested method of how to reduce business rates

Are there any other advantages besides Empty Rates Relief ? – Yes, you will make other savings such as your insurance premium, inspection and security costs

What does it cost us? – There are no upfront charges. All fees are taken from savings generated. On average you will save between 56% – 70% on your business rates, plus further savings on your void costs.

Is the Hammond scheme legal? – 100% legal and ethical.

Have any of these charities been set up to obtain Empty Business Rates Relief ? – No, the charities with whom we work have been in existence for a minimum 20 years.

Does the Charity pay the business rates? – Yes, they pay the rates at the reduced rate after the relevant reliefs have been applied.

Does the Charity pay rent? – They are contractually obliged to pay a peppercorn rent if requested.

Do the Charities use it for 43 days? – No, the charity will occupy it until the property is sold or let, we do not exploit the 43-day rule.

How quickly can the Charity leave if we let or sell the property? – We have a 30-day notice period but can be flexible.

Will I be liable if the Charity doesn’t get empty rate property relief? – Yes, all rates will be payable in the unlikely event that they don’t obtain relief.

What kind of property do you use? – Any empty commercial property in a habitable state.

Can we still market the property? – Yes.

Can we have access to carry out viewings, inspections and maintenance? – Yes.

How long does it take to set the arrangement up? – Depending on the location we can generally have a charity in situ within a few days, if required.

empty property rates savings

 

If you would like to find out how to reduce overheads connected with an empty commercial property rates relief please get in touch today. We will happily explain how to progress.

Hammond Associate can help you every step of the way with all affairs regarding empty property rates relief.